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20121103
20121103
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risk, and make success a reality. bny mellon wealth management this is hayden. he's five years that's elizabeth. and that's skyler... and his mom, nancy. they're just a few of the californians who took it on themselves to send you a message about what they need to restore years of cuts to their schools. prop thirty-eight. thirty-eight raises billions in new revenue - bypasses sacramento and sends every k through 12 dollar straight to our local schools... every school. for them. for all of us. vote yes on thirty-eight. >> all right. we have been focusing on the aftermath of hurricane sandy and regardless what happens in the end it's going to have a big impact on the economy and the economy is improving, the administration says, in the final reports before the election, a surprising better than 170,000 jobs added to the economy. unemployment rate at 7.9%. back with us is jack welch who might quibble with that rate in and about the last time, but still don't necessarily buy these numbers. >> neil, look, the real unemployment rate, if you take the last ten years prior to the 2009 reces
risk, and make success a reality. bny mellon wealth management >> all right. we have been focusing on the aftermath of hurricane sandy and regardless what happens in the end it's going to have a big impact on the economy and the economy is improving, the administration says, in the final reports before the election, a surprising better than 170,000 jobs added to the economy. unemployment rate at 7.9%. back with us is jack welch who might quibble with that rate in and about the last time, but still don't necessarily buy these numbers. >> neil, look, the real unemployment rate, if you take the last ten years prior to the 2009 recession, the 10-year average of let's call it the participation rate, how many people are working temporarily, full-time, and you take that number and take the ten year average and ran it now, work for us, you would have an unemployment rate close to 11% and that's what the real unemployment rate that people are feeling out there, not discouraged workers walked away all that stuff, but that's the real rate. now, this number of 7.8, that popped in the other day
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